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Shares of Roper Technologi Rise to a New 52-Week High

By James Quinn

Roper Technologi (NYSE:ROP) traded today at a new 52-week high of $327.55. This new high was reached on below average trading volume as 143,000 shares traded hands, while the average 30-day volume is approximately 422,000 shares.

In the past 52 weeks, shares of Roper Technologi have traded between a low of $245.59 and a high of $327.55 and are now at $326.45, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

Roper Technologi (NYSE:ROP) is currently priced 8.3% above its average consensus analyst price target of $299.50. The stock should discover initial support at its 50-day moving average (MA) of $297.01 and subsequent support at its 200-day MA of $289.74.

Roper Technologies, Inc. manufactures and distributes industrial equipment. The Company offers industrial controls, fluid handling, pumps, medical and scientific devices, analytical instrumentation products, radio frequency identification (RFID) communication technology, and software solutions.

SmarTrend recommended that subscribers consider buying shares of Roper Technologi on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $272.97. Since that recommendation, shares of Roper Technologi have risen 19.2%. We continue to monitor ROP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows roper technologi

Ticker(s): ROP